Speech Six Essential Elements for Physician Revenue Cycle Management

Six Essential Elements for Physician Revenue Cycle Management

The resurgence of hospitals acquiring physician practices is putting pressure on organizations to get deals done quickly. The challenge is to take the time to engage in thoughtful planning regarding revenue cycle operations so that the practice is financially successful once the deal is done. This presentation explores the six essential elements for a successful transition of physicians from independent practices to employment: capable management; an appropriate organizational model; consolidated practice management systems; transparency, standards, and controls; an appropriate coding and compliance model; and ICD-10 preparedness.